September 8, 2017

Category: About Sherry Articles Media Reporting on Sherry

Canadian Unemployment Rate in August Falls to 6.2%

The Bank of Canada told us just this week that they would be closely monitoring the employment data to assess the need for further tightening in monetary policy. The August jobs report confirmed that the Canadian labour market remains strong, moving closer to full employment. The country added 22,200 jobs in August, the ninth consecutive…

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September 6, 2017

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada Takes Action

The Bank of Canada raised the target overnight rate another 25 basis points to 1.0% making it two hikes in a row following seven years of increasing monetary stimulus. The outsized 4.5% growth in GDP in the second quarter precipitated this action, despite two offsetting factors: the recent surge in the Canadian dollar, up more…

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September 6, 2017

Category: About Sherry Articles Media Reporting on Sherry

Booming Growth In Canada

The Canadian economy grew at a blockbuster pace in the second quarter at an annualized rate of 4.5% on the heels of the first quarter’s robust pace of 3.7%. The cumulative growth in the first half of this year was the strongest since 2002. The Canadian economy has now grown at more than double the…

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August 15, 2017

Category: About Sherry Articles Media Reporting on Sherry

Housing Market Weakens Further in July, But Drag From GTA Dissipates

This morning’s release of the Canadian Real Estate Association (CREA) data for July confirmed that key housing markets in Canada continued to slow, led by the Greater Golden Horseshoe (GGH) region surrounding Toronto. This region’s marked slowdown began in late April with the announcement of a 15% foreign tax credit and a sixteen-point program to…

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August 4, 2017

Category: About Sherry Articles Media

Canadian Unemployment Rate in July Falls to 6.3 percent–Lowest in Nearly Eight Years

Canada’s red-hot jobs market took a breather in July, posting employment gains of 10,900, up just 0.1 percent following much stronger job gains since late last year. As the labour force participation rate edged downward, the jobless rate fell 0.2 percentage points to 6.3 percent, its best reading in almost nine years. Canada’s economy remains…

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July 12, 2017

Category: About Sherry Articles Media

Bank of Canada Turns the Tide

For the first time in seven years, the Bank of Canada announced today that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year. In a break from tradition, the Bank has taken…

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July 7, 2017

Category: About Sherry Articles Media Reporting on Sherry

Continued Strength in Canadian Employment Report For June

The June jobs data blew past expectations, all but insuring that the Bank of Canada will hike interest rates by a quarter point next week–the first rate hike in seven years. Market rates have already risen in expectation and the Royal Bank has boosted interest rates on its two-year, three-year and five-year fixed-term mortgage rates…

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June 15, 2017

Category: About Sherry Articles Media

GTA Sales Down Sharply as New Listings Surge In May

This morning’s release of the Canadian Real Estate Association (CREA) data for May confirmed earlier data from the Toronto Real Estate Board (TREB) pointing to a marked slowdown in housing activity in the Greater Toronto Area (GTA) since the late April announcement of the 15% foreign tax credit and the sixteen point program to enhance…

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June 14, 2017

Category: Media Reporting on Sherry Video

Balance sheet selloff to have ‘significant impact’ on fixed income

From Business News Network (BNN): As the U.S. Fed raises its key benchmark interest rate, Sherry Cooper, chief economist at Dominion Lending Centres, joins BNN to discuss the Fed’s plan to unwind the balance sheet and how it will impact markets.

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June 9, 2017

Category: About Sherry Articles Media

May’s employment growth builds on gains since July 2016

Another Sign Of A Economic Strength Statistics Canada just released the Labour Force Survey for May, adding to the stream of positive economic indicators. While the jobless rate edged up 6.6% from a cycle-low 6.5%, it was the result of more optimism about job prospects as more people participated in the labour market. The jobless…

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